Lockheed Martin Corp. (NYSE: LMT) has won a $47, 586, 369 million contract to provide the U.S. Army with 18 target sight systems and data, the Defense Department announced Monday.
AN/AAQ-30 systems track and identify targets, support laser-guided weapons and provide passive targeting for integrated weapons such as Hellfire missiles.
The Pentagon said the Army awarded the firm-fixed-price contract on a sole-source basis, adding that Lockheed is the only vendor who can provide the systems according to the government’s schedule.
Ninety percent of work will occur in Orlando, Fla. and the rest in Ocala, with the Pentagon expecting the work to finish in October 2015.
Contract funds totaling $2, 643, 687 will expire at the end of the current fiscal year and the Naval Sea Systems Command in Washington is the contracting activity.
A Lockheed and Northrop Grumman Corp. (NYSE: NOC) joint venture holds a potential $181 million contract to provide the Army with fire control systems that integrate with Hellfire missiles.
